Aug
31
Foreclosure Tracking Websites
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Dismal economy grouns business, pleasure planes
The recession isn’t just stripping the middle class of their prize possessions. The wealthy are losing out, too.
Aug
31
Va Home Foreclosure San Diego
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The Great American Foreclosure Bus Tour
For the first time in Central Ohio, you can now join with other home buyers on a guided tour of the very best in the distressed property market. Join us while we explore different corners of Columbus and its surroundings. Learn what every savvy buyer should know about bank, HUD, VA, corporate owned properties REO’s, short sales, pre-foreclosures and more!!!
This sample of promotional text was taken from the website for ColumbusForeclosureBusTours.com. It pretty well sums up the reality of our housing market and the financial savvy required to convert a negative situation into a positive. Real estate agents everywhere have jumped on the foreclosure bandwagon and in some cases are dealing exclusively with lender owned properties.
This craze is happening in cities throughout the U.S. including Orlando, Columbus, Phoenix, Detroit, Kansas City, Jacksonville, and various parts of California – The Great American Foreclosure Bus Tour.
In March, 2008 foreclosures jumped 57% from the previous year. That translates into 234,685 foreclosures, or one in 538. This means there is no shortage of inventory and no sign of any decrease anytime soon.
Joseph Iuliucci, a Las Vegas agent who specializes in foreclosures can barely keep up with his over 500 listings with a staff of 22 to service his customers. He arranges monthly bus tours of the latest foreclosures including some areas where five out of seven homes on the same street are lender owned.
Carla Coshow, a San Diego agent feels that banks hold back listing many of the properties on the multiple-listing service in the hopes that the prices will eventually rise. These bus tours offer an excellent way to view otherwise unknown listings.
Slightly reminiscent of a timeshare presentation, Carla organizes a pre-tour breakfast meeting with all of the participants, supplying them with a “Repo Express” name tag and a list of all the properties to be viewed along with financial details.
Some of the tours are offered at no charge, others come with a fee. Janice Ziesig, owner of Z House Realty Group in Orlando, charges $45 per person or $65 per couple and along with the bus tour provides background information for the homes, a teaching session, breakfast, lunch at Applebee’s. Not leaving anyone out, she also offers bilingual tours for Spanish home buyers.
Sometimes the tours include other resources such as a mortgage broker, home inspector, or lawyer who provide their personal expertise in between stops along the way. The home inspector offered his opinion on the conditions of the various homes and what it would take to bring them up to par. Along the way the mortgage broker gave advice on home loans and answered questions. Overall most people felt the tours were informative and worth the extra money.
About the Author
The Koitz Group offers elite real estate services in the greater Bethesda/Chevy Chase and Washington DC area (and they have a website that covers it all!). Visit the Koitz Group’s Chevy Chase real estate guide or Georgetown DC real estate guide, packed full of information, search tools, and links to other fine neighborhoods in the DC Metro area.
Aug
31
Us Foreclosure Prevention Business Opportunity
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Aug
31
Us Government Foreclosure Land
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Tips And Info On Government Foreclosures
You can buy real estate properties from the government at low and discounted prices through government foreclosures. Get some tips, info and guide on government foreclosures and how you can avail of these properties and invest for yourself a lifelong wish. You can buy investment properties, land, multifamily, single family homes condominiums, farms and ranches. These properties were seized through government foreclosures and thru HUD foreclosures for home properties.
The US Department of Housing and urban Development (HUD) has a lot of listings of for sale homes. You will be surprise to the vast listings of house property being sold by the government. But this is not directly being put up for sale by the government. To learn more on how you can buy homes for sale by the US federal government, you go to government sites. You will find a lot of information, guide and tips on how you can submit a bid. The government sites can provide you with current information and listings of homes you can buy.
These previously owned houses are for sale through public auction or other method depending on the property. Some are for sale through priority and after the priority period has elapse, anyone can bid and buy these properties including investors or investment prospectors. Basically anyone can buy a home for sale by HUD, Agriculture (USDA/Rural Development) and VA homes. But you must have a real estate broker or real estate professionals authorized by HUD to bid on your behalf.
If you are interested in buying homes for sale by the US Government especially if you are a first time home buyer, you may need tips and info or simply counseling. You must have to seek assistance from a housing counseling agency authorized or approved by the Department of Housing and Urban Development. They support a network of authorized housing counseling agencies that provide counseling services across the country. You can go online and get the approved agencies in your area.
Once you have found or selected a house property you want to buy, you should contact a real estate professional who will then submit a bid on your behalf. These professionals can submit their bids online. Usually Housing and Urban Development homes are sold in an offer period. After the offer period, all offers are opened and the highest reasonable bid will then be accepted. Bids can be submitted 24-7, any of the week including weekends. They will be opened the business day. If your bid is acceptable to HUD, your real estate professional will be informed usually within forty eight hours.
For USDA/Rural Development you should contact your local USDA/Rural Development servicing office. They will provide you with the most current and accurate info and status of the home. This happens if you have already found and chosen the house property you would like to buy. They may also inform you of your eligibility for potential program benefits. Your circumstances and the status of the property listed will determine the method of bidding and ultimately purchasing the property. By going online will find most of what you need to accomplice this undertaking.
For VA homes you should have your real estate professional prepare the offer to purchase and contract of sale VA form and has to complete all the necessary documentations. By going online, you will be able to find all the information you may need to process these types of applications.
All government foreclosures and HUD foreclosures are done by the government to recuperate their investments on defaulted loans and mortgages. Once the processes of foreclosures are done they will have ownership of these properties and they put them up for sale through auctions. Online information and tips will help you a lot if you are interested in these kinds of homes or properties.
About the Author
Get Your Tips And Info On Government Foreclosures and HUD Foreclosures Or Foreclosures Bank Owned Go to: http://www.lingwellness.com/foreclosures.php
http://www.lingwellness.com